---
schema_version: "secwatch.filing_event.v1"
accession: "0001397911-24-000050"
form_type: "8-K"
ticker: "LPLA"
cik: "0001397911"
company_name: "LPL Financial Holdings Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:15:08.367673+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LPL Financial Q1 net income $289M, EPS $3.83 down 10% YoY; adjusted EPS $4.21 down 6%

## Summary
- Net income $289M ($3.83 diluted EPS), down 10% YoY; adjusted EPS $4.21, down 6%.
- Gross profit $1,066M (+5% YoY); core G&A $364M (+11% YoY); adjusted EBITDA $541M (-5%).
- Total advisory & brokerage assets $1.44T (+23% YoY); advisory assets $793B (+28% YoY).
- Organic net new assets $17B (5% annualized); recruited assets $20B in quarter, $87B TTM.
- Client cash $46B (-$2B QoQ, -$8B YoY); leverage 1.65x; $70M repurchases, $22.4M dividends.

## SEC filing metadata
- accession: 0001397911-24-000050
- form_type: 8-K
- ticker: LPLA
- cik: 0001397911
- company_name: LPL Financial Holdings Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397911/000139791124000050/0001397911-24-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397911/000139791124000050/lpla-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001397911-24-000050
- JSON: https://secwatch.observer/filing/0001397911-24-000050.json
- Plain text: https://secwatch.observer/filing/0001397911-24-000050.txt

## Key facts
- Earnings Releases
  LPL Financial Holdings Inc. reported the three months ended March 31, 2024 results: net income $289 million, EPS $3.83.
  - Period: the three months ended March 31, 2024
  - Net income: $289 million
  - EPS: $3.83
  - Result: reported results
  source text: On April 30, 2024, LPL Financial Holdings Inc. (collectively with its subsidiaries, the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1397911/000139791124000050/0001397911-24-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.